A Mega Millions lottery ticket for Friday's estimated jackpot of $500 million is displayed in Hoboken, New Jersey March 29, 2012. Lottery fever spread across the United States on Wednesday with people in more than 40 states buying tickets for the Mega Millions jackpot that has reached an all-time record of $500 million, officials said. (Photo : REUTERS/Gary Hershorn )

If you're a Mega Millions ticket holder, then get ready for the Friday, March 4 lottery jackpot drawing, which has soared to a whopping $270 million.

The jackpot winner will have a choice of how they would like to be paid. They could choose the "Cash Option" and receive a one-time, lump sum payment of $151 million, or they can choose the "Annual Payout" option, which provides annual payments over a 26-year period, according to the Mega Millions website.

The overall odds of winning any prize are about 1 in 15, but the odds of winning the jackpot are about 1 in 259 million.

Mega Millions drawings take place every Tuesday and Friday after the draw entry closes at 10:45 p.m. EST. Tickets are sold in 42 states, as well as the District of Columbia and the U.S. Virgin Islands. The winning numbers are drawn at WSB-TV in Atlanta, Ga.

The Mega Millions winning numbers from the March 4 drawing were 10, 29, 31, 35, 45 and the Mega Ball number was 10. There was no lucky winner for the $240 million jackpot, but three people won the $1 million prize. There were also 76 Match 4 + 1 winners who walked away with $5,000. Each $5,000 lottery winner matched four out of five white Mega Millions winning numbers, and the gold Mega Ball number.

For a national, interactive map of where tickets may be purchased, head over to the Mega Millions Where to Play page.

You can also watch a live stream of the lottery drawings at 11 p.m. EST below: